Mixed-Use Property with Shop
New
For Sale
$1,775,000
34246 Frontage Road, Bozeman, MT 59715
Greenhouse, office, residential space, and two former greenhouse pad sites provide a varied property configuration.
Property Size11,662 SF
Lot Size2.00 Acres
Price / SF$152.20
Days on Market2
Property Features for 34246 Frontage Road
General Information
Standard status
Active
Size
11,662 SF
Lot size
2.00 Acres
Property subtype
Commercial
Zoning
Call Listing Agent for Details
Additional Details
Highway Access
Yes
Heavy Power
Yes
Taxes and HOA fees
Annual Taxes
$13,291
Building Details
Building Size
11,662 SF
Year Built
1995
Buildings
3
Listing Agency:
AmeriMont Real Estate
(406) 995-2404
Listed By:
Michael Pitcairn
(406) 539-6060
Source:
Outlaw
Added: Sep 26
Last Checked: Sep 26 at 3:12PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of AmeriMont Real Estate
Investment Insights
Based on property information with market context.
This 2-acre mixed-use property brings together an 8,128 SF shop, a 2,302 SF greenhouse, and a 1,232 SF house/office. Two additional pad sites from former greenhouses account for another 8,000 SF. Heating systems vary by building: the older main building has radiant heat, newer additions have wall-mounted heaters, the house uses hot water baseboards, and the apartment has electric baseboard heat.
The property is 3.8 miles, or about a 6-minute drive, from Main Street Bozeman and has access to I-90. Its buildings and remaining greenhouse pads are arranged across the acreage, with shop, greenhouse, office, and residential space represented on site.
The property is 3.8 miles, or about a 6-minute drive, from Main Street Bozeman and has access to I-90. Its buildings and remaining greenhouse pads are arranged across the acreage, with shop, greenhouse, office, and residential space represented on site.
Key Highlights
- 2‑acre property with 8,128 SF shop building
- 2,302 SF greenhouse
- 1,232 SF house/office
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$160,411
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
9.04%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,208,220
$3.2M
Cap Rate 7%
$2,291,586
$2.3M
Cap Rate 9%
$1,782,344
$1.8M
Market Conditions
NOI Build-Up for 11,662 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$279.9K $24.00/SF
− Vacancy
−$23.2K −$1.99/SF
EGI
$256.7K $22.01/SF
− OpEx
−$96.2K −$8.25/SF
NOI
$160.4K $13.76/SF
Area
Gallatin County, MT
Vacancy
8.30%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,208,220
Cap Rate 7%
$2,291,586
Cap Rate 9%
$1,782,344
Alternative Uses
Best Use
Mixed Use
$2.29M
$2.01M – $2.67M
NOI $160,411 @ 7.0% cap · market cap 9.04%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.05M
$2.66M – $3.55M
NOI $213,163 @ 7.0% cap · market cap 12.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Heavy power
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
32
Businesses Nearby
Explore this area
Business Placement
Demographics for 59715, MT
37,286
Population
17,116
Households
2.2
Avg Household Size
30
Median Age
68%
College-Educated
98%
High-School Grad
294.9 sq mi
ZIP Area
126
Density / Sq Mi
$85,000
Median Household Income
$31,646
Median Earnings
$1,376
Median Rent
$755,300
Median Home Value
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Greenhouse, office, residential space, and two former greenhouse pad sites provide a varied property configuration.
Where is this mixed-use property located?
The property is located at 34246 Frontage Road Bozeman, MT.
What is the asking price?
The asking price for this property is $1,775,000.
What are key features of this property?
This property features: 2‑acre property with 8,128 SF shop building; 2,302 SF greenhouse; 1,232 SF house/office
